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The Latest Breaking News from Gas Prices

Martin Lewis explains why your bills won't drop despite gas prices going down

He has offered advice on what to do ahead of the price change in October

Bristol Post

Martin Lewis reveals whether our bills will go down as gas prices fall

It's not as straightforward as it might look

Wales Online

Stocks Edge Higher, Fed In Focus, Beyond Meat, Gas Prices, Stitch Fix - Five Things To Know

Stock futures edge higher with Fed in sharp focus; Powell to clarify fed rate path as inflation debate rages; Gas prices rise, ending 99 day streak of declines, as oil jumps; Beyond meat suspends executive after weekend arrest in Arkansas and Stitch Fix shares dive after Q4 loss, muted sales…

The Street

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Why your electricity bill is so high — and why your heating bill might be next

Natural gas prices are soaring in the U.S. and around the world — and they're expected to keep climbing through the winter.

WEKU

EPA declares Denver, northern Front Range 'severe' violators of air quality standards as state fails to reduce smog

DENVER — The Environmental Protection Agency announced Friday that it reclassified Denver and Colorado’s northern Front Range as “severe” violators of air quality standards, meaning more stringent regulations are coming for businesses and consumers are likely to pay higher gas prices.

The Denver Post

Retail Sales Nudge Higher In August As Gas Prices Ease, But Hot Inflation Caps Gain

Retail sales bounced higher in August, thanks in part to declining gas prices, but gains were capped by hotter-than-expected inflation pressures.

The Street

France to cap electricity, gas price increases at 15 percent

France will cap increases in electricity and gas prices for households at 15 percent early next year, extending price controls introduced after Russia's invasion of Ukraine.

Radio France Internationale

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EU chief proposes energy market reform, $140bn revenue cap

Energy market reforms include the taxation of energy companies and decoupling gas prices from overall electricity bills.

Al Jazeera

Europe's fertiliser shutdown as gas prices soar

Europe's fertiliser industry association says more than 70 per cent of the continent's fertiliser production has been curtailed or shutdown.

ABC News

Fed likely to stay the course on interest rate hike as inflation ticks up but gas prices ease

The Federal Reserve received mixed news in the latest data on U.S. inflation as it mulls another rate hike.

The Conversation

Rising Grocery Prices Pushed Annual Inflation to 8.3 Percent in August

Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.

Reason

Recession Worries Ease Amid Lower Gas Prices, Student Loan Forgiveness: IBD/TIPP

The IBD/TIPP Economic Optimism Index jumped as recession worries eased, gas prices fell and President Biden moved to forgive student debt.

Investors Business Daily

European gas prices likely to fall sharply this winter, says Goldman Sachs

EU countries’ efforts to avoid big shortages likely to ‘successfully solve’ Russian cuts, says bank

The Guardian - UK

Dow Jones plunges amid news of US inflation rates

Inflation slowed for the second consecutive month as energy costs fall

The Guardian - US

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news in one place.

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Investors Business Daily

Biden Approval Rating Gets Big Bounce From Young Americans

President Joe Biden's approval rating bounced among young Americans amid lower gas prices and college loan forgiveness, the IBD/TIPP Poll finds.

The Guardian - UK

Fears drought and high gas prices could cause UK food shortages this winter

Experts warn of reduced yields for some crops, with low rainfall continuing into the sowing period

Reuters

EU readies energy package, countries split over gas price cap

The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices.

The Guardian - UK

The Tories spent a decade putting fossil fuel profits first. Now we’re all paying the price

Instead of home insulation and cheap renewables ministers have given us fracking, says Max Wakefield, a director at climate action group Possible

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Tribune News Service

Gasoline prices: They're down, then they're up, now they're down. But why?

No household staple has been spared the creep of inflation — not milk and definitely not gasoline, both conveniently sold by the gallon and essential to many family routines.

Insider UK

'Harsh winter ahead' could stifle Scottish economic growth

Scotland’s productivity is the third highest off all UK regions and nations, yet still remains below the UK average

The Guardian - UK

The economic challenges facing Liz Truss, in four charts

Topmost in the new prime minister’s in-tray will be energy bills, wholesale gas prices, inflation and fuel poverty

France 24

EU proposes Russian gas price cap, windfall tax

The European Union is proposing a cap on the price of Russian natural gas, despite Vladimir Putin threatening to cut off supplies for any market that does so. European Commission President Ursula von der Leyen is also asking energy ministers to consider imposing a windfall tax on companies that have…

AFP

More European energy firms get state aid as prices soar

Helsinki (AFP) - Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.

Asharq Al-Awsat

Russia Pockets $158 bn in Energy Exports after War

Russia has raked in a whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. The Centre for Research on Energy and Clean Air called for more effective sanctions…

The Conversation

UK energy crisis: why rationing is likely to happen this winter, whether Liz Truss likes it or not

In the 1970s, the UK government used a series of planned blackouts to manage energy shortages. The result was a three-day week for commercial use of electricity, with work and leisure often happening by torch or candlelight. Without widespread demand reduction to tackle the impact of high gas prices, European…

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